A summary of the ITAT Delhi ruling on cross-appeals involving International Tractor Ltd. covering key tax issues on depreciation, R&D, and other business deductions.
A GST Appellate Tribunal ruling finds that an approved resolution plan under the Insolvency and Bankruptcy Code (IBC) extinguishes anti-profiteering claims not listed in the plan.
ICAI has postponed the Chartered Accountants Final & Intermediate Examinations scheduled for Sept 3-4, 2025 in Punjab and Jammu City due to floods. Revised dates will be announced soon.
The Punjab Accountants Association requests an extension for income tax and GST return filing deadlines due to widespread floods and infrastructure damage in several states.
In the instant case, the dispute pertained to promoter and inter-corporate loans advanced to the respondent-corporate debtor Palchan Bhang Power Private Limited (PBPPL) between 2011 and 2014 for the development of the Palchan Bhang Hydro Electric Project.
The Tax Bar Association of Bhilwara requests an extension for the FY 2024-25 income tax return and audit report deadlines, citing delays in utility releases, technical issues on the tax portal, new compliance requirements, and the upcoming festive season.
Customs department must reconsider an exporter’s application for renewal of a self-sealing licence when earlier violations had been settled and the exporter had not been given a chance to explain their case as there was clear violation of principles of natural justice.
The FKCCI has formally requested an extension for filing income-tax returns for the AY 2025-26 due to technical issues on the tax-filing portal.
Income tax penalty proceedings initiated against the company under Section271(1)(c) was quashed as no sufficient time was given for reply and a personal hearing rendered the proceedings procedurally unfair and legally unsustainable.
CBI arrests two private individuals in a rare reverse trap for offering Rs 22 lakh bribe to a GST Superintendent; searches conducted for more evidence.
